Instructions

ZOOM IN by clicking on the page. A slider will appear, allowing you to adjust your zoom level. Return to the original size by clicking on the page again.

MOVE the page around when zoomed in by dragging it.

ADJUST the zoom using the slider on the top right.

ZOOM OUT by clicking on the zoomed-in page.

SEARCH by entering text in the search field and click on "In This Issue" or "All Issues" to search the current issue or the archive of back issues
respectively.
.

PRINT by clicking on thumbnails to select pages, and then press the
print button.

SHARE this publication and page.

ROTATE PAGE allows you to turn pages 90 degrees clockwise or counterclockwise.Click on the page to return to the original orientation. To zoom in on a rotated page, return the page to its original orientation, zoom in, and
then rotate it again.

CONTENTS displays a table of sections with thumbnails and descriptions.

ALL PAGES displays thumbnails of every page in the issue. Click on
a page to jump.

Monday 2nd August 2010
ADELAIDE S ONLINE DAILY NEWSPAPER
BUSINESS NEWS
The week ahead
For important information, click here.
macquarieprivatewealth.com.au
(08) 8203 0200
Prime Minister Julia Gillard
has avoided a showdown
with the powerful financial
services industry by watering
down key recommendations
to overhaul the
superannuation industry.
For-profit retail funds have
been pleased that they
might get their hands on
some of the money
currently given to industry
funds under industrial
awards in one of the
changes to the proposed
no-frills MySuper system.
Ms Gillard has also kept the
non-profit industry fund
sector on side by endorsing
MySuper, which industry
funds hope will drive retail
funds out of the market.
The emergence of a fragile
consensus over MySuper
has dampened the long-
running and heavily
politicised stoush over
issues including fees,
commissions and market
access.
But the future of MySuper
under a Coalition
government is uncertain,
with opposition financial
services spokesman Luke
Hartsuyker declining to
offer a position on it.
Treasury estimates it would
add about $40,000 to
the average worker's
retirement nest-egg.
Ms Gillard's policy differs
from the Cooper review
recommendations by
allowing super funds more
flexibility in how they invest
workers' money. -- Fairfax
Australia poised to cash in on India's energy
crunch
The booming Indian economy faces an energy crunch
that could send prices for key Australian exports soaring
and deliver a long-running economic boost. India's
voracious demand for mineral resources has received
less attention than China's, but some analysts believe
its energy needs are reaching a critical stage.
Qantas faces tough road to retain Africa
duopoly deal
Qantas faces a challenge convincing authorities to grant
a two-year extension to its tie-up with South Africa
Airways on the lucrative Australia-Africa route.
BP urged to rename US petrol stations
Embattled oil giant BP is reportedly facing pressure to
rename its US petrol stations under their old Amoco brand
as the backlash in America shows no sign of easing.
$A opens higher on weak US GDP
The Australian dollar opened slightly higher this
morning after US stocks recovered from weak
growth data released on Friday night.
STOCKS TO WATCH
ARG - ARGO INVESTMENTS
Argo Investments releases its full year financial results
on Monday.
AWB -- AWB; GNC - GRAINCORP
Grain marketers GrainCorp and AWB have said that the
two companies will merge to create one of Australia's
largest diversified agribusinesses.
BREAKING BUSINESS NEWS
Gillard s soothing
super changes
THE MARKETS
GOLD 1183.60 USD per ounce
Dow
10,465.94 -1.22
Nasdaq 2,254.70 +3.01
FTSE 100 5,258.02 --55.93
AUS vs USD 0.9042
AUS vs NZD 1.2455
AUS vs UK 0.5765
AUS vs Euro 0.6928
TAYLOR COLLISON